(A) When a developer/owner donates real property, money, time, and/or materials to the city at the request of the city, as a part of a proposed development, the city may, upon recommendation of the Planning Commission, give discretionary density bonuses for these donations.
(B) Bonus density can only be considered by the following:
(1) Must be conducive to surrounding developments;
(2) Must benefit the city’s capital facilities plans in some manner requested by the city; and
(3) Must be able to demonstrate a benefit to the future maintenance of facilities.
(C) Negotiations to determine the value and type of the donation shall be conducted by a Committee composed of the following members: the Mayor, one Planning Commission member appointed by the Chairperson of the Planning Commission, and one City Council member appointed by the Mayor. The recommendation from the Committee shall then be submitted to the Planning Commission for their recommendation to, and approval by, the City Council.
(D) Nothing in the foregoing shall, in any manner, limit the city’s right to require an escrow payment, in a form acceptable to the city, as part of the agreement to guarantee completion of the donation and any required improvements thereto.
(Prior Code, § 42.15) (Ord. 2-92, passed - -1992; Ord. 08-2007, passed 8-15-2007)